Energy Update
French utility ENGIE has purchased an 80 percent stake in California-based energy storage provider Green Charge Networks.
NEW YORK, May 11 (Reuters) - U.S. independent oil refiners,
such as Marathon Petroleum and Phillips 66, are
shelving projects and tightening budgets, as a global glut of
diesel and gasoline erodes profits, ending a golden era of high
refining margins.
BERLIN, May 11 (Reuters) - The German government has
proposed reducing support for onshore wind energy by 7.5 percent
for two years from January 2017, according to a draft proposal
for a meeting on renewable energy between the federal government
and Germany's 16 states.
May 11 (Reuters) - Oil prices jumped more than 2 per cent on
Wednesday after the U.S. government reported a big U.S. crude
inventory draw for last week, surprising analysts who had
expected a build instead.
Mars Inc., the closely-held maker of M&M’s candies and Uncle Ben’s rice, signed a deal to buy power from a wind farm in Scotland that will offset all the pollution it produces from its U.K. facilities.
FORT MCMURRAY/LAC LA BICHE, Alberta, May 11 (Reuters) -
R econstructing Fort McMurray will be easier than first feared
since much of the city's critical infrastructure remains intact
but the once booming oil town will be smaller than before,
according to its mayor.
According to the latest PV Manufacturer Capacity, Shipments, Price and Revenue Report from SPV market research, in 2015 Chinese solar module manufactures added manufacturing capacity in other regions of the world, indicating strong growth for the PV sector overall.
May 11 (Reuters) - The price of Brent crude oil should
rebound in the next year to about $76 a barrel as consumption
continues to increase in coming years, a key U.S. energy agency
said on Wednesday.
LONDON, May 11 (Thomson Reuters Foundation) - Sierra Leone
aims to provide electricity to all of its 6 million citizens by
2025 in a push to boost the economy, expand crucial services
such as healthcare, and reduce dependency on aid, officials said
on Wednesday.
RIO DE JANEIRO, May 11 (Reuters) - Brazilian regulators plan
to tighten rules on dams used in the mining industry after a
breach last year caused the nation's worst environmental
disaster but the changes, while opposed by struggling companies,
look unlikely to improve safety.
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